Gold
Gold is moving higher as traders focus on the pullback in Treasury yields.
From the technical point of view, gold markets managed to move higher after a period of consolidation, which is a bullish sign. A move above the $2050 level will open the way to the test of the resistance at $2065 – $2075.
Silver
Silver rebounds as traders focus on rising gold markets. Gold/silver ratio settled near the 90.50 level, which is worrisome for silver bulls.
If silver stays above the $22.50 level, it will head towards the 50 MA at $22.98.
Platinum
Platinum continues its attempts to settle below the support at $880 amid demand worries.
If platinum manages to settle below $880, it will head towards the next support level, which is located in the $840 – $850 range.
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